Savings Goal Calculator
Monthly Saving Needed: ₹0
Savings Goal Calculator
The Savings Goal Calculator helps you determine how much money you need to save every month to reach your financial goal. It takes into account the target amount, time duration, and expected return rate to calculate monthly savings.
Formula:
PMT = FV × r ÷ [(1 + r)n − 1]
Where:
- PMT = Monthly Savings Required
- FV = Future Value (Goal Amount)
- r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
- n = Total Months
Steps to Use the Calculator:
- Enter the Goal Amount you want to save (in ₹).
- Enter the Number of Years you want to save over.
- Enter the Expected Annual Return (%) on investment.
- Click on Calculate to see how much you need to save monthly.
Example:
If your goal amount is ₹10,00,000, you want to save over 10 years, and expect a return of 8% annually:
Savings Goal Calculator – Plan, Save & Achieve Your Financial Targets
Use our powerful Savings Goal Calculator to estimate how much you need to save every month to reach your financial goals. Whether you're saving for a dream vacation, child’s education, emergency fund, car purchase, or a wedding, this tool helps you stay on track.
This free online goal-based savings calculator allows you to enter your target amount, time horizon, and expected rate of return to determine the required monthly investment. It’s ideal for both short-term and long-term savings planning.
Why Use This Savings Goal Calculator?
- Set clear financial goals and calculate how much to save monthly
- Track your progress toward a future purchase or investment
- Plan for specific goals like retirement, home down payment, or international travel
- Compare different savings scenarios based on interest rates and tenure
- Stay motivated with a clear view of your wealth-building journey
This monthly savings calculator is perfect for salaried professionals, students, freelancers, homemakers, and business owners. It works for recurring deposits, mutual funds, SIPs, and other instruments.
Key Features & Benefits:
- Easy-to-use interface with instant results
- Customize return rate to reflect your investment type (FD, RD, mutual funds, PPF, etc.)
- Supports inflation-adjusted savings goals for real-world accuracy
- Understand the power of compound interest and disciplined investing
- Use as a monthly investment calculator or target amount calculator
Popular Use Cases:
- Set and track a child education savings goal
- Plan your wedding savings plan within 2–3 years
- Create a vacation savings calculator for international trips
- Plan a home down payment savings strategy
- Build a corpus for early retirement using SIP
- Use for short-term investment goals under 1 year
- Pair with budget planner tools for holistic financial planning
Our Savings Goal Planner is also known as:
- Goal-based savings calculator India
- Monthly savings target calculator
- Financial goal calculator
- Investment goal calculator
- SIP goal calculator
- Future value savings calculator
- Save for a goal calculator
- Long-term savings calculator
Whether you're saving ₹1,000 or ₹1 lakh per month, this calculator helps you stay committed and reach your goals with confidence. Take the guesswork out of your financial future — start using our online savings calculator today!
Savings Goal Calculator – FAQs
1. What is a Savings Goal Calculator?
It is a free online tool that helps you calculate how much money you need to save monthly to reach a specific financial goal within a set time frame.
2. How does this calculator help in goal-based saving?
You input your goal amount, investment duration, and expected returns. It calculates the required monthly savings using the power of compounding.
3. Can I use this calculator for short-term savings?
Yes, it works for both short-term and long-term goals like vacations, gadgets, weddings, or emergency funds.
4. Does it consider inflation in the calculation?
Yes, you can enter an estimated inflation rate to adjust your future savings target realistically.
5. Is the calculator suitable for SIP and RD planning?
Absolutely. It helps you plan systematic investments through SIPs in mutual funds or recurring deposits in banks.
6. Do I need to sign up to use the calculator?
No, this savings goal planner is completely free to use with no login or personal details required.